I actually think this so-called auction was nothing more than a clever strategic move by Goldman (advising AMP) to gain a real world sum-of-the-parts valuation.
Today’s news confirms to all investors that this is no fire sale, and that AMP won’t settle for anything less than significant value for shareholders.
So there appears only 3 viable options:
- Ares boost their bid to an outrageous level (today’s The Australian suggests a higher offer is coming.)
- Someone else throws in a whole of company knockout bid.
- AMP breakup the company, releasing maximum value for shareholders.
Noteworthy too, is Capital Economic’s claim that a full GDP recovery by mid-2021 is plausible. If correct, AMP certainly have time on their side, but the predators clearly don’t.
when will AMP HIT $3.00, page-4915
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Last
$1.52 |
Change
0.030(2.02%) |
Mkt cap ! $3.835B | |||
| Open | High | Low | Value | Volume |
| $1.50 | $1.52 | $1.50 | $11.53M | 7.635M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 90867 | $1.51 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.52 | 194011 | 17 |
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| Last trade - 16.10pm 07/11/2024 (20 minute delay) ? |
| AMP (ASX) Chart |